3 months ago
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Ola Electric connected Friday (February 13, 2026) said its consolidated gross from operations stood astatine ₹470 crore, with full deliveries of 32,680 units successful the 3rd 4th ended December 31, 2025.
The Bengaluru-based steadfast said the 4th marks a structural reset for the company, arsenic it realigned its retail footprint, outgo structure, and operating exemplary to a sustainable dependable authorities amid slower EV penetration maturation and the request to fortify work execution.
The institution delivered a grounds consolidated gross borderline of 34.3%, expanding 15.7% points twelvemonth connected twelvemonth and 3.4% points 4th connected quarter, reflecting the structural advantages of its vertically integrated model, Gen 3 level economics, and disciplined execution, it added.
“Q3 FY26 marks a structural reset for Ola Electric. We chose to hole the fundamentals by restoring work execution, resetting our outgo structure, and deepening vertical integration. The effect is simply a leaner operating exemplary with materially little break-even and industry-leading gross margins,” a institution spokesperson stated.
With work metrics stabilising and the manufacturing installation transitioning into commercialized standard deployment, the institution is positioned to participate the adjacent signifier of maturation with importantly improved operating leverage, the spokesperson added.
The institution said it has undertaken a broad translation of its operations done store and work web optimisation and AI-led automation.
“Over the adjacent mates of quarters, these measures are expected to bring quarterly consolidated opex down to ₹250-300 crore successful adjacent mates of quarters, lowering the company’s EBITDA breakeven to astir 15,000 units per month,” it added.
As request recovers, this operating exemplary is expected to alteration up to 3-4x measurement scaling with minimal incremental opex, resulting successful beardown operating leverage and a clearer way to sustainable profitability, the institution stated.
During the quarter, the institution doubled compartment accumulation 4th connected 4th to 72,418 cells, achieved the archetypal commercialized deployment of in-house 4680 Bharat Cells into lawsuit vehicles, and launched Ola Shakti, its archetypal residential Battery Energy Storage System (BESS) product.
The Gigafactory (company’s accumulation facility) is presently operating astatine astir 2.5 GWh of installed capacity, with planned scale-up to 6 GWh by March 2026, it stated.
As planetary artillery request expands crossed EV adoption arsenic good arsenic solar-plus-storage, grid-scale deployments, and information centre vigor requirements, the Gigafactory provides a strategical lever to deepen vertical integration, amended portion economics, and enactment meaningfully successful the increasing vigor retention market, it added.
